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FBI investigates fake tweet about bitcoin investment fund that led to price spike

Hackers posted false news about a widely anticipated announcement that the SEC was expected to make about bitcoin

The US Securities and Exchange Commission (SEC) said Wednesday that is working with the FBI to investigate a fake message posted on its X social media account.

On Tuesday hackers posted false news about a widely anticipated announcement that the SEC was expected to make about bitcoin, leading the cryptocurrency’s price to spike and alarming observers.

Reuters contributed to this story

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